Art. 428ax · 55 % required stable funding factor

Version in force 28 June 2021, Inserted +497 −0§

Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)

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Explanation, written by a model and checked against the cited text

This is a new provision setting a 55% required stable funding factor for assets eligible as level 2B assets and for shares or units in CIUs under the delegated act referred to in Article 460(1), applying regardless of whether they meet the operational requirements or the composition requirements of the liquidity buffer set out in that delegated act, as long as they are encumbered for less than one year.

Cited: Art. 428ax, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 428ax
55 % required stable funding factor
Assets that are eligible as level 2B assets pursuant to the delegated act referred to in Article 460(1), and shares or units in CIUs pursuant to that delegated act shall be subject to a 55 % required stable funding factor, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act, provided that they are encumbered less than one year.